Bitquery has identified $10 million sitting frozen in a wallet linked to CryptoBilis, the firm at the center of an incident that caused a $93.2 million loss across six blockchains. The analytics firm's finding puts a hard number on funds that have not moved — at least not yet.
Separately, Ledger's latest update on the incident does not include a repayment plan for affected buyers. That omission is the detail rattling the people who bought the devices in the first place.
What Bitquery found
The $10 million is frozen in a single wallet, according to Bitquery. Frozen, in this context, means the funds aren't moving — they're parked, not necessarily seized. The wallet is linked to CryptoBilis, the same operation tied to the wider $93.2 million loss that touched six blockchains.
Six chains is a lot of surface area for one incident. It also explains why the paper trail has been slow to assemble. Funds that hop across multiple networks are harder to trace, harder to freeze, and harder to return. Bitquery's figure covers one pool of money. The rest of the loss is spread elsewhere.
Ledger's update leaves buyers out
The hardware wallet maker's latest communication on the incident doesn't mention a repayment plan. No timeline, no reimbursement structure, no eligibility criteria. For buyers who are out money, that's the part that matters most.
To be clear: the facts here are narrow. Ledger put out an update. That update doesn't include a repayment plan. Anything beyond that — whether a plan is coming, who'd qualify, how it'd be funded — isn't in the record. The absence of a plan isn't proof one won't materialize. It's just the current state of the disclosure.
The shape of the loss
A $93.2 million hit across six blockchains doesn't happen in one transaction. It's a series of movements, each one a little harder to unwind than the last. The $10 million Bitquery flagged is the piece that's currently stationary. The rest is somewhere in the mix.
For affected buyers, the practical question is simple: is anyone getting made whole, and when? Right now the answer from the Ledger side is silence. The answer from the on-chain side is a frozen pool and a lot of scattered value.
What's actually unresolved
Two things stand out. First, whether the $10 million stays frozen or starts moving. Bitquery's report is a snapshot, not a guarantee. Second, whether Ledger's next update changes the repayment picture. The company has been communicating about the incident, just not about money going back to customers.
Until one of those two things changes, the story is a frozen ten million, a ninety-three million dollar hole, and a buyer base waiting on a plan that hasn't been published.
